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Guideline Value

Corporate

Guideline Value for Santhi Nagar Main 1st Street

₹4400/sq.ft.

The guideline value for Santhi Nagar Main 1st Street in Adambakkam village (Alandur SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Adambakkam

Village

Alandur

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1250 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹700 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹300 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061
044-22240222
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Santhi Nagar Main 1st Street

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Santhi Nagar Main 1st Street guideline value

The current guideline value of Santhi Nagar Main 1st Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village, under the Alandur SRO, and is classified as Residential Class I Type - II.

How the guideline value of Santhi Nagar Main 1st Street has changed

The guideline value for Santhi Nagar Main 1st Street has undergone several revisions over the years. In 2002, the value was Rs 300 per sq.ft, which increased to Rs 700 per sq.ft in 2003. By 2007, the value rose significantly to Rs 1,250 per sq.ft, and in 2012, it was Rs 4,000 per sq.ft. The next revision in 2017 saw a decrease to Rs 2,680 per sq.ft. However, from 2017 to 2023, the value increased to Rs 4,000 per sq.ft, and the most recent revision in 2024 set the guideline value at Rs 4,400 per sq.ft.

In summary, the changes between the revisions show a 10% increase from 2023 to 2024, a 49% increase from 2017 to 2023, a 33% decrease from 2012 to 2017, a 220% increase from 2007 to 2012, a 79% increase from 2003 to 2007, and a 133% increase from 2002 to 2003. Overall, from 2002 to 2024, the guideline value has increased by 1,367%.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO with a 2024 guideline value ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median value is Rs 3,900 per sq.ft, and Santhi Nagar Main 1st Street's 2024 figure is above this median.

Stamp duty and registration fee for property in Santhi Nagar Main 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Santhi Nagar Main 1st Street?

The Sub Registrar Office that covers Santhi Nagar Main 1st Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Adambakkam

The guideline value is a crucial factor in property transactions in Adambakkam. It serves as a benchmark for determining the minimum price at which a property can be registered. When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees that need to be paid at the time of registration.

Buyers and sellers should be aware that the guideline value may differ from the actual sale price. In such cases, the stamp duty is charged on the higher amount, ensuring that the government receives the appropriate revenue from the transaction.

Frequently asked questions

What is the current guideline value of Santhi Nagar Main 1st Street?

The current guideline value of Santhi Nagar Main 1st Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 1,367% over this period.

What is the land classification for Santhi Nagar Main 1st Street?

Santhi Nagar Main 1st Street is classified as Residential Class I Type - II.

What are the stamp duty and registration fees for a property in Santhi Nagar Main 1st Street?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 3,96,000.

Where can I find the Sub Registrar Office for Santhi Nagar Main 1st Street?

The Alandur Sub Registrar Office covers Santhi Nagar Main 1st Street and is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.